Simple Moving Average Technical Analysis on the EurUsd market pair on Saturday, August 1, 2026 The euro is still in its best performance against the US dollar traded on the EurUsd market pair on Friday’s session after buyers managed to maintain their advantage by continuously intervening in the market with greater and stronger strength compared to sellers, so buyers successfully blocked the early-session bearish move from sellers above the buyers’ support area at 1.1467-1.1468, which made buyers once again dominate the session by pushing price higher into a stronger bullish move and increasing bullish pressure that sent price soaring further.
Observed on the Daily timeframe using Moving Average technicals, the EurUsd market pair still appears to be under buyers’ control, who again outperform sellers by continuing to push price higher in a bullish move, breaking above the Red 50 MA area at 1.1483, supported by the formation of a strong bullish candlestick indicating that today’s session can still continue higher in a bullish move. Buyers will keep entering with larger volume to maintain control and push price further up in a bullish trend to reach and test the Blue 100 MA area at 1.1568. If later the buying pressure manages to break strongly above the Blue 100 MA area, it will open up further bullish potential with the next target at the Yellow 200 MA area at 1.1629. However, if it fails to break above the Blue 100 MA, then the EurUsd pair price will weaken again into a deeper bearish move. On Monday’s session, trading is expected to still be dominated by sellers, who will continue to control the market over buyers by pressing the EurUsd pair price lower in a bearish move, targeting a drop toward the nearest buyers’ support area at 1.1473-1.1472. If this support area is broken strongly by sellers, price will fall further into a deeper bearish move with the next target toward the next buyers’ support area at 1.1419-1.1418. However, if buyers are able to block the sellers’ bearish move at this nearest support, then price has the potential to move up bullishly, targeting a move toward the nearest sellers’ resistance area at 1.1562-1.1563. If this nearest sellers’ resistance area is broken strongly by buyers, then the EurUsd pair price will continue to rally higher with a target toward the next resistance area at 1.1597-1.1598.
